"DAVID MALPASS"

World Bank Group President David Malpass and the Administrator of the United States Agency for International Development (USAID) Samantha Power highlighted the importance of responding to the interlocking crises facing developing countries, including through support to countries facing a food crisis. WORLD BANK

Ukrainian President Volodymyr Zelenskyy told a ministerial roundtable hosted by the World Bank Group and the Ukrainian Government “with your financial support we will quickly rebuild our nation.” WORLD BANK

World Bank Group President David Malpass said the international community needs to “take important steps to address the current set of crises” facing the global economy, including the war in Ukraine, the ongoing pandemic, and rising debt burdens. WORLD BANK

In a speech delivered ahead of the World Bank Group Spring Meetings, World Bank Group President David Malpass announced a $1.5 billion package of funding for Ukraine to support the continuation of essential government services during the war, including $1 billion of International Development Association (IDA) 19 support. WORLD BANK

Briefing by Stephane Dujarric, Spokesperson for the Secretary-General.

Secretary-General António Guterres said, “uneven, unfair recovery” from the COVID-19 pandemic “is eroding trust between the developed and developing world,” and stressed that many developing countries “urgently need a helping hand.” UNIFEED

The heads of the world’s predominant global financing, health and trade agencies have united to urge government leaders to urgently finance a new $50 billion roadmap to accelerate the equitable distribution of health tools to help end the pandemic that has devastated lives and livelihoods for 18 months and also set the foundations for a truly global recovery, as well as enhanced health security. WHO

UN Secretary-General António Guterres, together with the Prime Minister of Canada, Justin Trudeau, and the Prime Minister of Jamaica, Andrew Holness, convene a virtual Meeting of Heads of State and Government to discuss the international debt architecture and liquidity as part of the Financing for Development in the Era of COVID-19 and Beyond Initiative (FfDI).

At a high-level session, heads of the WTO, WHO, OECD, IMF, World Bank and UNCTAD discussed the multilateral trade system's role in ensuring the availability of essential medical goods needed to control the spread of the virus; the higher impact felt in least-developed countries, the uneven recovery in trade since the pandemic hit, and further adaptation needed as the economy gathers momentum. WTO

World Bank Group (WBG) president David Malpass highlighted the need for transparency of COVID-19 vaccine contracts and said the WBG hoped this fiscal year to provide USD$10 billion of assistance to the region. WORLD BANK